JEFFERSON CITY, Mo. (AP) — Missouri lawmakers are considering an overhaul of the state's payday loan industry that would give borrowers more time to pay back a loan.
The legislation passed by the Missouri Senate last week also would stop borrowers from renewing a loan and would remove a cap on the amount of fees and interest lenders can charge.
Under current law, payday loans can be up to $500 and last from 14 to 31 days. Loans can also be renewed up to six times.
Sponsoring Representative Mike Cunningham of Rogersville says the cap is not necessary since loans can't be renewed, and that market forces would set the interest rates. The measure's opponents said the bill was a step in the right direction, but doesn't go far enough.
SPRINGFIELD, Mo. (AP) — A potential Republican primary for governor is stirring anxieties among some party officials who want to patch over the divisions that have hurt Republicans in recent statewide elections.
At an annual Republican conference in Springfield this weekend, many party officials highlighted the need for unity.
That encouragement came as several Republicans already are positioning themselves for a potential 2016 gubernatorial campaign.
Catherine Hanaway already has announced her gubernatorial candidacy. Auditor Tom Schweich also is expected to run for governor, though he first faces re-election this year, and businessman John Brunner also is contemplating a gubernatorial run. All were networking among fellow Republicans at the convention.
Republicans have faced contentious primaries for U.S. Senate and governor in 2012 and 2008. Democrats ultimately have won those races.
WASHINGTON (AP) — House Democrats are determined to cast an election-year spotlight on Republican opposition to raising the minimum wage and overhauling immigration laws.
To try to accomplish that, Democrats are planning to rely on an infrequently used and rarely successful tactic.
It's known as a "discharge petition."
It requires the minority party — Democrats, in this case — to persuade some two dozen Republicans to defy their leadership, join Democrats and force a vote on setting the federal minimum wage at $10.10 an hour.
House Minority Leader Nancy Pelosi says Democrats will push the wage issue when Congress returns from break Feb. 24.
Forcing a vote on immigration could occur in a few months.
The odds are daunting for Democrats in what clearly is political maneuvering ahead of this fall's elections.